Freehills advised the vendor in the transaction, while Corrs Chambers Westgarth advised Westpac and CBA.

Actrol Parts is a wholesaler and distributor of refrigeration and air-conditioning systems and parts, turning over in excess of $110 million, and has been present in the Australian market for over 70 years.

The transaction is the first leveraged buyout of its kind since Archer Capital's acquisition of MYOB in 2009.

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